SGY Q3 SpeculationTo me looks, Adjusted fund flow for Q3 would be more than 20 dollars per boe, Based on following
1) Looking at the oil price and natural gas price in last quater. (Speculating average around 67-68 dollars per boe which was around 59 dollars per boe in Q2 )
2) Hegded oil price in Q3 got better than Q2 so Realized value and FX contracts value would be slightly better for Q3
3) Intreast payment value might be reduced with debt payment in March 2021, with selling of assets. and more debt payment in last 3 months based on good cash flow.
4) G & A value might or might not be little high as closing of the deal with Astra in last quater.
5) Net operating expenses would be lower as no data of drilling compared to 32 wells drilled before Q2 results ( Correcte me if i am wrong) to match production of 2700 sold barrels and added 4100 barrels of Astra oil with high netback in mid of August 2021.
So GL to longs, In my opinion, after Q3 results and before year end SGY share should be between 8-10 dollars.